Saywell: Markets See 'Policy Bazooka' for Yen Below 100

The transcript discusses market nervousness affecting currency markets, focusing on Dolly and one-month volatility trends. It highlights the impact of BOJ decisions on market expectations and the potential role of the Fed in influencing market movements. The discussion also covers the concept of hope and potential market interventions, with insights from BNP Paraba.

What was the market's reaction to the BOJ meeting in July?

• Volatility decreased significantly.

• There was disappointment due to unmet expectations.

• The market was satisfied with the outcomes.

• The market remained stable.

What is the market's sentiment regarding the Dolly and moving below 100?

• The market believes there might be an upside surprise.

• The market is indifferent to the 100 level.

• The market is eager to push it below 100.

• The market expects a drastic drop below 100.

What could be a catalyst for the Dolly and to move, according to the discussion?

• An increase in US inflation.

• A surprise policy from the BOJ.

• A hike by the Fed.

• A decrease in Japanese exports.

What is BNP Paraba's view on the yen's current valuation?

• The yen is overvalued.

• The yen is at its equilibrium value.

• The yen is relatively weak.

• The yen is expected to strengthen soon.

What is the reason for the Dolly and being at its current level, according to the final section?

• High US yields.

• Low US yields.

• Strong Japanese economic growth.

• Increased Japanese exports.